Container line executives uneasy as profits are consumed by rising fuel costs

Container spot rates from Asia to Europe and from Asia to the US west coast are around 30% lower than 12 months ago, while fuel costs have jumped over 20%.
Most carriers claim it is “too early to say” at what level rates will settle, or begin to recover, but worried frowns have begun appearing on the faces of liner executives concerned that the cumulative $7bn industry profit in 2017 could have …

The post Container line executives uneasy as profits are consumed by rising fuel costs appeared first on The Loadstar.

Source: The Loadstar

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